The Middleby Corporation Acquires Processing Equipment Solutions, Inc.
April 03 2014 - 6:00PM
Business Wire
The Middleby Corporation (NASDAQ: MIDD) today announced the
acquisition of the assets of Processing Equipment Solutions, Inc.
(“PES”), a leading manufacturer of equipment for the food
processing industry based in Gainesville, Georgia. PES product
offerings include the IntelliJet™ and MegaJet™ line of water
cutting systems, meat presses and fillet systems. PES has annual
revenues of approximately $15 million.
“The acquisition of PES highly complements our existing
portfolio of technologies for the food processing industry. The
MegaJet and IntelliJet line of water cutting systems are state of
the art, providing a high volume, accurate and flexible solution to
our food processing customers,” said Selim A. Bassoul, Chairman and
CEO of The Middleby Corporation. “We believe there are significant
sales and manufacturing synergies with this transaction. Through
existing Middleby’s global sales and service infrastructure we will
be able to introduce the line of PES products to new markets.”
Visit www.pesparts.com to learn
more about Processing Equipment Solutions, Inc.
About The Middleby Corporation
The Middleby Corporation is a global leader in the foodservice
equipment industry. The company develops, manufactures, markets and
services a broad line of equipment used in the commercial
foodservice, food processing, and residential kitchen equipment
industries. The company's leading equipment brands serving the
commercial foodservice industry include Anets®, Beech®, Blodgett®,
Blodgett Combi®, Blodgett Range®, Bloomfield®, Britannia®,
Carter-Hoffmann®, Celfrost®, CookTek®, CTX®, Doyon®, frifri®,
Giga®, Holman®, Houno®, IMC®, Jade®, Lang®, Lincat®, MagiKitch'n®,
Market Forge®,Middleby Marshall®, MPC©, Nieco®, Nu-Vu®,
PerfectFry®, Pitco Frialator®, Southbend®, Star®, Toastmaster®,
TurboChef®, Viking®, Wells® and Wunder-Bar®. The company’s leading
equipment brands serving the food processing industry include
Alkar®, Armor Inox®, Auto-Bake®, Baker Thermal Solutions®,
Cozzini®, Danfotech®, Drake®, Maurer-Atmos®, MP Equipment®,
Processing Equipment Solutions®, RapidPak®, Spooner Vicars® and
Stewart Systems®. The company’s leading equipment brands serving
the residential kitchen industry include Brigade®, Jade®,
TurboChef® and Viking®.
For more information about The Middleby Corporation and the
company brands, please visit www.middleby.com.
The Middleby CorporationDarcy Bretz, (847) 429-7756Tim
Fitzgerald, (847) 429-7744
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